TCS

Fundamental View- Tata Consultancy Services (TCS), India’s largest IT services company and a key player globally, continues to demonstrate strong fundamentals backed by steady revenue growth, healthy margins, and a robust order pipeline. For FY24, TCS reported consolidated revenue of ₹2,40,893 crore (~$29 billion), reflecting a 6.8% YoY growth in constant currency terms, supported by rising demand for digital transformation, cloud, AI, and automation services. The company maintained a solid net profit of ₹46,070 crore and an operating margin of around 24.6%, showcasing efficient cost management despite global macro uncertainties. Technical View- As seen on the daily chart, TCS is forming a double bottom pattern, indicating potential bullish strength. The stock made a low of ₹3359.50 on June 9, followed by a positive uptrend, reaching ₹3538.00 on June 18 while consistently holding above its 14-day EMA. On June 23, the stock again tested the ₹3370.00 level, marking another bottom, and has since entered a short-term corrective phase. Today, the stock opened at ₹3487.20, made a low of ₹3420.00, a high of ₹3489.40, and closed at ₹3423.00. Technically, RSI and MACD on the daily chart are still reflecting a bullish bias, though today’s price action suggests short-term weakness. Considering TCS is India's largest IT company with strong fundamentals, any dip towards ₹3415–₹3420 could present a good buying opportunity with a stop-loss around ₹3350.00. If the stock holds this support and resumes its positive structure, it is likely to break above ₹3500.00 and potentially move towards the ₹3600.00 levels in the near term. Warning- ***** *****